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U.S. services-sector growth slowed in October, with the Purchasing Managers’ Index falling to 54.5 from 54.9 in September, while the new orders index dropped to 55.9 from 59.8. Supply-chain pressures persisted, with the supplier deliveries index rising to 56.7. Meanwhile, the prices paid for production inputs index eased to 73 from 74, but remained elevated. The sector’s employment index also rose, to 51.4 from 50.1.
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